Fubo Raises FY23 Revenue Guidance From $1.26B - $1.28B To $1.319B - $1.324B Vs. $1.3B Estimate, Raises Paid Subs Guidance From 1.565M - 1.585M To 1.584M - 1.599M
Portfolio Pulse from Benzinga Newsdesk
FuboTV has raised its FY23 revenue guidance from $1.26B-$1.28B to $1.319B-$1.324B, surpassing the $1.3B estimate. The company also increased its paid subscribers guidance from 1.565M-1.585M to 1.584M-1.599M, indicating a 10% YoY growth.
November 03, 2023 | 11:39 am
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FuboTV's raised revenue and subscriber guidance for FY23 indicates strong growth prospects, which could positively impact its stock price in the short term.
FuboTV's raised revenue and subscriber guidance for FY23 surpasses previous estimates, indicating strong growth prospects. This positive outlook could attract investors, potentially leading to an increase in demand for the stock and a rise in its price in the short term.
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